What does FCA Stand For ? FCA Stand For - FCA implies Free Carrier, presented according to global business terms in 2010.  FCA is utilized for both air and ocean transaction.  FCA terms of conveyance additionally can be utilized for inland developments of shipments.  Normally the term FCA ought to be trailed by a named area. In FCA terms of conveyance, the fare cleared products are conveyed by the vender to the transporter at the said named and characterized area referenced in the contract.  From that place of area, the expense  up to purchasers premises is paid by the buyer.   Please note, the terms 'trade cleared merchandise's doesn't imply that the merchandise were cleared  via doing send out customs either straightforwardly or by implication. The term FCA has been gotten from the fundamental guideline of FOB terms, with the exception of certain progressions in commitment of dealer on conveyance terms that the satisfaction to convey merc...

  Digital Freight Forwarders - A New word that has groomed by Freight Forwarding industry in past 10 Years. Rise of Entrepreneur has opened avenue to think things differently in a lot of sector this Segment is also not an exception. It is only Entrepreneur who has decided to move freight forwarding from game of some big companies to easily accessible to small business. And Technology has really helped them well.  In this blog i really want to mention few of Digital Freight Forwarders who are really helping and providing a great support to small and medium class business in India. with the help of their SAAS Platform they made Freight booking which was a very tough and Negotiable process they made it simple as booking Flight Ticket booking process . Still there is a lot of new Innovation need to come.New technology always cover previous one but a base of Flexibility and easy that is already provided that will always remain.  1-  Cogoport  - Started In 2016. Found...

                                        6  Different Types of Freight Rates used in Transportation  Let s discuss on diffrent type of Freight rates - what are they used for 1-  Commodity rates -  When a large quantity of a product moves between two locations on regular basis it is common practice for carriers to publish a commodity rate. The terms and conditions of a commodity rates  are usually indicated in a contract between the carrier and shipper. Commodity rates are published on a point to point basis and apply on specified products. it is maximum used by rail Freight.  2- Exception rates  -  The Original purpose of the exception rates was to provide a special rate for a specific area , Origin /Destination or a commodity when justified by either competitive or High - Volume movements. Rather than publish a new tariff ,an exception to classific...

                                           Transportation Economics - How to Negotiate freight                                               Written by: - Abhishek Sadashiv CLTD ,CILT /  03/04/2021 Freight Pricing one of important aspect of discussion between all of Supply chain Leaders.Because we all Know that there is Two major cost of whole chain in supply chain cycle one is Freight Pricing and another is Inventory. Ok, Today We will discuss on Freight Pricing ,Which is part of Transport Economics. This is one of major topic for APICS /ASCM Students. If you are doing CLTD, then this could be super HOT Topics for your Exam. For CSCP& CPIM a better understanding of Transportation Economics is mandatory.  Lets Start .. & Try to Understand Various V...

                                                    International Trade theories & Apics question Ok !!! So this is one of Favorite topic of APICS(ASCM)..  In CSCP & CLTD  they must pull one or two question from this Topic.. Why ???  Because This Topic has some basic key Theories about Product Development & Its Economic and societal Catalyst and How these things has evolved International Trade..  The First Theory i want to start with that is famous one..  - Theory of absolute advantage -  Introduced Nearly 250 Year ago by Adam smith , the theory of absolute advantage. It was one of initial foundation for explaining why countries would want to trade goods with each other, Providing an economic basis for free trade among some countries . Adam smith described it in simplest way --- IF TWO COUNTRIES SAME PRODUC...

                                                    Inbound Logistics - Some Important aspects Hello Readers ,  Today Blogs will be connecting to Yesterday.. In today Blog we will discuss some important aspects to consider in Inbound Logistics.. Or we can say some Key Terms..  Let 's Start this !!  Work & Shipping order -  The Purchase order created by procurement generates a work order which brings logistics into process. Ok So How APICS define Work Order - An authorization to start work on an activity.The work order will help logistics to know about the shipment packing details so Logistics must be loop from starting point (From When Purchase order is created)..  Then  Logistics will generate shipping order to carrier or Forwarder which will have all details like size of shipment , Importer details , Exporter details...

                                             Inbound Order Management - What is role of Logistics ?             " Effective Execution of Procurement strategy ultimately depends on Logistics " Inbound Logistics - A Group whose responsibility are defined for moving materials from suppliers or Vendor into production Process or storage Facilities. The Inbound Logistics team often work with professional who specialize in procuring all the things needed to manufacturer a product & Transportation of products to customers. OK ..Lets Talk something more on Procurement. Because in Inbound Logistics they are more Involved.  some think that Procurement is similar to purchasing and Finding Right suppliers for a product. But Scope of Procurement is vast. It Involves planning , Purchasing ,Inventory control, traffic, receiving , Incoming Inspection ...

                                                                Reverse Logistics   Let 's Start with a Formal Definition A Complete supply chain process dedicated to the reverse flow of Products and material for the purpose if return ,repair, remanufacture and recycling . The Planning and Controlling of Process of moving Goods From Point of consumption back to the Point of Origin.. Do you Know ??  An Average Manufacturer Spends 9 to14% of its total revenue on returns in a year.. This is not big news. I have one bigger one.. Still there is 45% Companies have not implemented a proper reverse logistics strategy for effectively managing the reverse flow of goods..  Reason for Returns -- Basic reasons like if Products are damaged or defective. But there are some other reasons like Overstocks , Obsolete products, P...